Group 1 - The core viewpoint of the report is that Zhiyou Technology (301376.SZ) is rated as outperforming the market due to its dual growth in revenue and profit, along with improved operational quality [1] - The growth contributions from Europe and emerging markets are increasing, while the U.S. market is affected by tariff policies [1] - Traditional channels are performing steadily, and new platforms along with B2B models are driving growth [1] - There is a slight improvement in profitability, and a diversified supply chain layout is expected to reduce costs and increase efficiency [1]